Market out look dated 19th June 2018

Market out look dated  19th June    2018 Market Trend :Market Are consolidation with narrow range and Bulls/BEARS fight continue to defend in either side. On Monday market open with good note but over all trend bound range seen in 50 point and finally it was closed with a loss of 18 points at 10800.   Metal stcks on Monday culprit and over all selling due to Global war between China and USA. On the other hand consumption story continue and Foodwear industry decent move which is leady by Bata and Relaxo Foot wear.  Over all trading rante in market ad lower level 10700 and higher level 10930. Once successfully break this range market will take good direction. Till then avoid trading in Index and trade in  stock specify.   Nifty Spot :  Consider support 10787-10750 whereas resistance around 10850-10894  and major resistance 10930.  Lower level do not think short sell, strong bounce back can not be ruled out. Over all nifty are continue trading long term moving average such as  50-100-200 DMA so any dip to descent opportunity to buy side. Stop loss for long 10694 and as remain above up side open towards 10970 and 11205. Likely. Bank Nifty Future :  Over all trend is bearish but time being save by ICICI Bank due to good news, however, all pvt. Sector banks in sell side.  Consider resistance 26500-26600 whereas a supply zone and crossover and stay above it will show up side, down side support at 26250 and major support range 25900-26000  Over all looking up side it will against test 27050  and 27765   in coming days/month. Consider stop loss for long 25895, as hold upper side open towards 26679, 27590-28225  in coming days. FO QUES  :   Highest Put at 10700 and 10600, whereas highest call seen at 11000, 10900 and 10800. Put writing seen at 10700 and 10600 strike price, whereas call  writing seen at 10800 and 11000 mark.  OPEN INTEREST ANALYSIS Long Side:   Bajaj Auto, Apollo Hospital, Jubilant Food, BPCL, Bata, Apollo Hospiteal Short side :     SunTV, Torrent Pharma, Ceat, IGL, Axis Bank, Titan, tata Steel, Ashok Leyland and NCC Short Covering  :   ICICI Bank 59 lacs shares, TATA Motor – 6.97 lacs, Star 8.53 lacs, Ibul Housing 60000 shares , Dr Readdy Lab  26000  so any short to think before of these shares. Long Unwinding   :   DHFL Can Bank, Apollo Tyres  Stocks for Tuesday Trading : Tata Motor, BATA, Lupin, Hindustan Lever, ICICI Bank, Dr Readdy Lab, Arvind Mills and many more More details and entry level call 9630466296 /9301302732